Short Interest in Verb Technology Company, Inc. (NASDAQ:VERB) Declines By 78.4%

Verb Technology Company, Inc. (NASDAQ:VERB) was the recipient of a large decline in short interest in the month of October. As of October 31st, there was short interest totalling 81,200 shares, a decline of 78.4% from the October 15th total of 375,800 shares. Based on an average trading volume of 982,100 shares, the short-interest ratio is currently 0.1 days. Approximately 8.2% of the company’s shares are short sold.

Verb Technology Stock Performance

Shares of NASDAQ VERB traded down $0.87 during trading on Thursday, hitting $7.40. 53,982 shares of the company traded hands, compared to its average volume of 345,723. The company has a quick ratio of 4.05, a current ratio of 4.05 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $10.73 and a 200-day moving average price of $18.72. Verb Technology has a 1 year low of $5.05 and a 1 year high of $184.60.

Verb Technology (NASDAQ:VERB) last announced its quarterly earnings results on Wednesday, August 14th. The company reported ($4.00) EPS for the quarter, topping the consensus estimate of ($6.00) by $2.00. The company had revenue of $0.04 million during the quarter. Verb Technology had a negative return on equity of 88.37% and a negative net margin of 5,002.98%. On average, analysts predict that Verb Technology will post -20 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Separately, Ascendiant Capital Markets decreased their target price on shares of Verb Technology from $800.00 to $100.00 and set a “buy” rating on the stock in a research report on Monday.

Insiders Place Their Bets

In other Verb Technology news, major shareholder Corsair Capital Management, L. purchased 13,700 shares of the firm’s stock in a transaction on Tuesday, October 22nd. The shares were purchased at an average cost of $10.71 per share, with a total value of $146,727.00. Following the purchase, the insider now owns 74,915 shares in the company, valued at approximately $802,339.65. This represents a 22.38 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this link. 0.55% of the stock is owned by corporate insiders.

About Verb Technology

Verb Technology Company, Inc, through its subsidiaries, develops Software-as-a-Service applications platform. It offers MARKET.live, a livestream social shopping platform, that allows brands, retailers, and creators to broadcast shopping events on various social media channels, as well as services that range from production of livestream events to host and event consulting, and drop ship and creator programs.